News
Cogent Systems and UPEK Inc. Announce Settlement
Cogent Systems (Nasdaq: COGT) and UPEK, Inc. announced today that they have reached a settlement and patent licensing agreement. Under the terms of this agreement Cogent has withdrawn its lawsuit against UPEK Inc. for infringement of U.S. Patent number 6,002,815 (entitled "Linear Sensor Imaging Method and Apparatus"). The agreement eliminates the need for any further court proceedings related to use of this patent and will allow UPEK to incorporate certain Cogent patented technologies for use with their fingerprint biometric sensor products and solutions.
“We are pleased with the licensing agreement that we have reached with UPEK for the use of our technology,” commented Ming Hsieh, President and Chief Executive Officer of Cogent. “We believe UPEK offers exceptional solutions for the commercial market with a strong global customer presence. This patented technology that we are licensing is an important component of our offerings in the commercial market and we look forward to partnering with UPEK to help us address this fast growing opportunity.”
“The algorithm technology UPEK has licensed allows us to bring additional fingerprint authentication products and software solutions to an even wider range of customers,” stated Alan Kramer, UPEK CEO and President. “We believe Cogent offers industry leading algorithms and are excited by the opportunity to deliver new solutions and applications to a growing number of worldwide markets based on the agreement we have reached with them.”
About Cogent Systems
Cogent is a global biometric identification solutions provider to governments, law enforcement agencies, and commercial enterprises. Cogent provides the highest quality identification systems, products and services with leading technology, accuracy and speed. Cogent's Automated Fingerprint/Palmprint Identification Systems, or AFIS, enable customers to capture fingerprint and palm print images electronically, encode prints into searchable files, and accurately compare a set of fingerprints/palm prints to a database containing potentially millions of prints in seconds. For more information, please visit www.cogentsystems.com
About UPEK Inc.
UPEK, Inc., a global leader in biometric fingerprint security solutions, offers integrated end-to-end solutions including comprehensive design & integration services to the world’s leading consumer and industrial products companies. UPEK solutions enable the strongest fingerprint authentication security available, packaged for high user convenience and rapid integration into existing products and network architectures. The company has been pioneering biometric fingerprint technology since 1996 and shipping product in volume since 1999. UPEK is headquartered in Emeryville, California, with offices in Prague, Singapore, Taipei and Tokyo. For more information, please visit www.upek.com .